Chile’s trade surplus widened to USD 904 million in August 2020 from USD 252 million in the corresponding month of the previous year. Imports slumped 22.4 percent over a year earlier to USD 4,517 million, due to lower purchases of consumption goods (-27.2 percent), namely durable (-30.5 percent) and semi-durable (-36.7 percent); capital goods (-9.9 percent); and intermediate (-24 percent). Exports fell at a softer 10.8 percent to USD 5,421 million, mainly due to lower sales of mining products (-9.4 percent), of which copper (-13.4 percent); manufactured (-13.1 percent) and agricultural, forestry & fishing goods (-8.5 percent).
Balance of Trade in Chile averaged 484.09 USD Million from 1991 until 2020, reaching an all time high of 2968.68 USD Million in April of 2007 and a record low of -1384.72 USD Million in October of 2008. This page provides the latest reported value for - Chile Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Chile Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Banco Central de Chile
Balance of Trade in Chile is expected to be 820.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Chile to stand at 600.00 in 12 months time. In the long-term, the Chile Balance of Trade is projected to trend around 500.00 USD Million in 2021, according to our econometric models.